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Property profile & analytics
OFF-MARKET Estimated value $2,090,000
Commercial real estate

106 3rd St Wortham, TX 76693

25,200 SF 0.7 ac lot Built 2017
Individually Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US82-7486626
Property summary
AI-generated overview

This exceptional investment opportunity presents a 9,100 square foot shopping center in Wortham, Texas, fully occupied by a Dollar General store under a triple-net (NNN) lease. The property, situated on a 0.69-acre lot at 106 N 3rd St (APN 43051-00006), boasts a 6.80% cap rate and a substantial net operating income (NOI) of $84,651. Built in 2016, the metal building with a concrete block facade benefits from a long-term lease extending until August 30, 2031, with three to five-year renewal options at a 10% base rent increase. The property enjoys 100% occupancy and minimal landlord responsibilities, making it an attractive, low-maintenance investment. Located in a residential area with an estimated 5,000 average annual daily traffic (AADT), this Dollar General store benefits from its established presence within a Fortune 500 company with approximately 18,912 locations nationwide. The asking price is $1,244,867. This presents a secure, long-term investment opportunity with a highly reputable tenant and strong financial performance indicators. The property's strategic location and the tenant's financial stability contribute to its significant value and potential for future growth. The minimal landlord responsibilities further enhance the appeal of this investment, offering a streamlined and efficient ownership experience. This is a rare opportunity to acquire a well-performing, stable retail property with a proven track record.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2017
Total area 25,200 SF
Lot 0.7 ac (30,492 SF)
Zoning code AA1
APN 43051-00006-00000-000000
UPID US82-7486626
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$2.09M
Owner & transaction history
Bruce W Levering · 9 yrs held
Bruce W Levering
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
AA1 · Wortham, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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